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Turbulence in the steel market

- "Radical changes in the iron ore market: shortening of contract periods and orientation to spot price as benchmark."
- "The changes will result in greater planning uncertainty and increased volatility for all industries along the value chain."
- "The steel industry feels it has no choice but to pass on the higher cost of raw materials to users and is seeking to boost steel prices."
- "The order upswing in steel-processing industries will be curbed by the rising price of steel."
- "Higher steel prices will be passed on to the end consumers of steel products."
- "While the related raw material prices have already peaked, steel price hikes will hinge on the development of the global economy."
DeutscheBank Research Briefing 20100729

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